Tagged : Market Reports

Found 13 blog entries tagged as "Market Reports".

by Cory Nickerson, LRA Associate Broker  

As a real estate broker, I certainly have no shortage of market data to study each time I open my email. As a member of two different Multiple Listing Services covering Boulder and Denver, and a as a member of the Boulder Area Board of REALTORs, I thoroughly enjoy the access to rich information and analysis about our enviable and vibrant real estate market. Often I meet clients who follow the market closely and we have enthusiastic conversations as we share observations.  Sometimes I meet clients who are just starting their real estate journey or are relocating and I get a chance to help them understand various trends. No matter what the case, there is always something new to learn or teach!   

One of the

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by Robert Kelly, LRA Owner & Managing Broker

I don't mean to sound repetitive but in our seasonal outlook here, Louisville remains a hot seller's market, with very little inventory on hand for eager buyers. As the table below shows, the median list price increased from $699,000 in May 2018 to a whopping $739,000 in early August. Louisville's inventory increased a little as the spring months transitioned to summer, and currently sits at 55 homes, which is actually a decent increase from 43 homes in May. "Days on Market" (DOM) has remained stable at 60 days in early August, which includes time to close. However, a big move this summer has been that 45% of sellers were offering price reductions as of early August, up from 28% in early May 2018, and way

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By Rob Kelly, LRA Owner & Managing Broker

Louisville, Colorado remains a hot seller's market, with very little inventory on hand for eager buyers who want in. The median list price of a single family home jumped from $625,000 in December 2017 to a whopping $699,000 in early May this year. Louisville's inventory did not change much from the dead of winter to early spring and currently sits at 43 homes for sale, which is actually only a slight increase from 39 homes in December 2017. 

Some of the metrics we pay attention to include "Days on Market" (DOM), which for Louisville decreased greatly from 86 days in December 2017 to 59 days in early May 2018, which includes time to close the transaction, so it is not a true reflection of how long a home

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By Cory Nickerson, LRA Associate Broker

By all general appearances, 2017 seems to be shaping up as another good year for those who sold homes, however, it may be brightening for buyers as well.  According to the Colorado Association of REALTORS® (CAR), "Colorado’s low inventory has caused frustration and a limitation on housing market growth. Luckily, statistics show a major increase for residential building in areas across Colorado."

Let's take a look at recent statistics for some of the East Boulder County towns we follow and see what has been happening since the selling season has slowed down. We typically see a slow down in inventory available and buyers who are serious after Labor Day. Now that we have almost a full year of data under our

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By Rob Kelly, LRA Owner & Managing Broker

This may not surprise too many of our readers, but Denver has topped another real estate list. This time for "Gentrification". This term was first coined by British Sociologist, Ruth Glass, in 1963, to describe the events that were taking place in the City of London.  In 2001, The Brookings Institute defined gentrification as "The process by which higher income households displace lower income residents of a neighborhood, changing the essential character and flavor of the neighborhood."

Thanks to our high paying jobs and desirable environment gentrification is no stranger to the Front Range. We have been observing this trend in Denver, Colorado for the past few years (maybe even earlier).


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By Cory Nickerson, LRA Broker Associate

"What is my home worth?"  This is by far the most popular question home owners will ask when when considering putting one's home on the market. That said, let's break down the process to help understand how to determine the difference between assessed, appraised and fair market values of a property and how they affect you as a home owner. 

Assessed (Actual) Value - In Colorado real estate property value assessment is conducted county by county. The Property Assessors Office for Boulder County appraises every residential property value in the entire county every two years and determines what is termed "Actual Value". County appraisers use algorithms, neighborhood sales and apply the assessed rate, which is

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By Rob Kelly, LRA Owner & Managing Broker

Dear Buyers, I'm sorry to say it again, but this is still a Seller's market in Boulder County.  It continues to be a simple case of too little supply and too great of demand as our market still experiences historically low inventory.  If you are left brain inclined and interested in the statistics for our greater Boulder Colorado area, check out this table that listing the sales inventory month by month here, courtesy of ColoProperties (Multiple Listing Service or MLS). If you would like to hear a story about some buyers in 2016 and where they are today, please read on.

You may remember hearing about folks, whom you may have thought paid too much for their homes last year? They actually gained anywhere

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By Cory Nickerson, LRA Associate Broker

2016 was another good year for home owners! According to Zillow, home values in Colorado have increased 10.3% over the past year and it appears that 2017 will bring some more of the same with home values expected to increase by over 4%, particularly in Boulder County.  Real estate expert and author, Gord Collins, provides us with a short list of positive factors that will affect the housing market 2017 and beyond including the following:

  • Moderately rising mortgage rates
  • Low risk of a housing crash for most cities
  • Millennials buyers coming into their main home buying years
  • A trend to government deregulation
  • Labor shortages pushing up costs of production
  • Donald Trump and his “drain the swamp”
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By Rob Kelly, LRA Owner & Managing Broker

It's hard to keep up, really.  Yet another report has been published giving Coloradans more validation that our state is really an awesome place to live.  But this time the report is not focused on quality of life, nor on the joys of our amazing outdoors, or even the impressive universities, but rather this report informs on how this is a great state in which to own a home.  But before we get too comfortable, this is a drop from last year's report, when Colorado ranked fifth, so we may be seeing some increase in the overall costs to owning a home due to the amount of demand for living in our state. 

According to the Colorado Association of REALTORS, the publisher of this report (which arrived last month)

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By Cory Nickerson, LRA Associate Broker

Zillow. Yes, your real estate agent really does not like Zillow. However, as agents we know that our clients have a bit of an addiction to the largest real estate search engine when conducting home searches or listing their own property.  And how can we blame you? 

Zillow is an amazing, almost exotic creature, serving up glossy photos of new listings, featuring virtual 3D tours, all the specs about the home that one can imagine. It's available 24/7 and it's free.  What a dream!  But to an agent, with access to the MLS (Multiple Listing Service), there's a slight resentment. But not for the reasons you might think. 

Real estate agents don't worry that their clients can see new listings on line.  Agents

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